CORAL GABLES, FL -- (MARKET WIRE) -- May 2, 2007 -- The Company (PINKSHEETS: SBMI) has made
arrangements for dredging and dredging related equipment to be paid in full
and slated for immediate shipment to Guinea. SBMI is preparing for launch
of production Phase One whereby two dredges will be processing a combined
total of sixty yards per hour on the Tinkisso River property.

ABOUT THE COMPANY

Siguiri Basin Mining, Inc. (PINKSHEETS: SBMI) is a mineral exploration and
development company focused on achieving producer status. The Company's
targets are precious metal properties in stable countries within
opportunity rich West Africa, Central and South America with near term
production capabilities. www.sbmining.com